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A Student Looked Up the Number of Years Served by 35

question 36

Multiple Choice

A student looked up the number of years served by 35 of the more than 100 Supreme Court justices. The average number of years served by those 35 justices was 13.8. If the standard deviation of the entire population is 7.3 years, find the 95% confidence interval for the average number of years served by all Supreme Court justices.

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Definitions:

Raw Materials

Basic materials from which products are made, typically extracted from natural resources.

Equilibrium Price Level

The equilibrium price level is the market state where the quantity of goods supplied is equal to the quantity of goods demanded, often considered the ideal balance for market transactions.

Real GDP

The measure of the value of all final goods and services produced within a country in a given period, adjusted for inflation.

Real Wage

The purchasing power of wages, considering the effects of inflation on what can actually be bought with those wages.

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